Collectively, these articles offer a look at the recent financial performance of Extra Space Storage Inc (EXR) and the public sentiment towards the company. Principal Securities Inc., Victory Capital Management Inc., and Mitsubishi UFJ Asset Management Co. Ltd. have upped their shares in the company, while Spire Wealth Management and Teacher Retirement System of Texas have decreased their stakes. Reports on Q4 net income for 2023 and Q1 for 2024 show a decline attributed to costs from the merger with Life Storage. Comparatively, FFO Q1 and Q2 surpassed estimates, resulting in an increased occupancy. The stock has seen significant fluctuations, with notable gains and losses. Upcoming earnings and quarter results generate anticipation, with EXR consistently beating expectations in recent periods. Despite an oversupply dilemma and decreased demand impacting the stock, it's been regarded as a positive long-term investment. Moreover, Benjamin F. Edwards & Company Inc. and Kestra Private Wealth Services LLC have invested recently. Analysts suggest holding onto the stock and predict a price target of $149.67. The merger with Life Storage has been completed successfully, creating the nation's largest self-storage company. Despite the merger costs, the decision has generally been favorably received.
Extra Space Storage EXR News Analytics from Mon, 05 Jun 2023 07:00:00 GMT to Thu, 16 May 2024 11:47:34 GMT - Rating 8 - Innovation -2 - Information 8 - Rumor -6
